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, chairman upton, that this is the law? you know, they have this whole thing, this is the existing law, this is the current law that passes the supreme court, blah, blah, blah. this is the law, and worry not going to change the law? >> well, how did they change the law for the employer mandate for a year? it happens, that's the way it goes. they are given lots of waivers. let's see regulations, delayed or imposed that say, hey, if you like the health insurance and you were insured earlier this year, can you keep it, worry not going to impose that penalty on you later on. >> i am staggered to lead, there are tweets about this, fred, and other things that valerie jared, the top adviser and jake carney are now blaming insurance companies for can selling plans within they are forced to by the obama care mandates. >> are you exactly right. it not their fault and, you know, we knew early on, private and mutual, cancelled a million policy, i think they announced that a year, a year-and-a-half ago something like that for people across the country. so they knew what they were getting into. the
. >> the problem with obamacare is not just the website, it's the law. i heard from hundreds of constituents who see premiums rise and policies cancelled. many are losing their plans. >> after a failed strategy to kill the law by shutting the government split the party in two, republicans are unified in attacking problems on the website which, when functioning, will help millions obtain shirns under obamacare. >> i don't think anybody would deny the fact on either side of the political either. these facts are nothing short of a disaster. >> when pressed marilyn tavenner was unable to say how many people got insurance through the website. >> are you getting the numbers? >> am i getting the unless? not yet. >> you have no numbers of. >> we'll have them available mid-november. >> if you don't have insurance by 31 march, you face a fine. as the problems persist democrats are joining the call to delay the deadline. marilyn tavenner vowed to fix what is wrong. >> i want to assure you healthcare.gov can and will be fixed. we are working around the clock to deliver the shopping experience you deserve.
with the affordable care act. >> the problem with obamacare isn't just the website, it's the whole law. >> democrats fiercely defend the law and site. >> everybody needs to chill out, because it is going to work. >> we are working around the clock to deliver the shopping experience that you deserve. >> according to prepared testimony released by the white house, secretary see bellous will admit to some of the problems saying: >> she is expected to blame the website contractors saying they have not met expectations. last week in another congressional hearing, the lead contractors said they only had two weeks in september to do end to end testing of the system, something they say should have taken months. the white house is still promising a quick fix. >> by the end of november, the experience on the site will be smooth for the vast majority of users. >> the obama administration points out there are other ways to sign up. >> they can use the call center, paper applications, then we have in-person assistance available in each state. >> president obama is scheduled to be in boston today. he's hoping to
was not equipped to implement a huge new law. >> so what i can guarantee is that we have a system that's working. we're going to improve the speed of that system. >> excuse me. >> yes? >> you're saying the system right now is work? >> i'm saying it's working. it's just not working at the speed that we want and at the success rate that we want. >> reporter: tavenner blamed the web site's flaws on delays by the main i.t. firm hired to build it, a canadian company called c.g.i. in an apparent contradiction she told georgia's tom price that the site's massive problems on day one caught her off-guard. >> the problems that we saw in the first week, we attributed to volume. once the volume started back down. >> how about before october one? was there any sense at all there would be problems with the web site? >> no, not-- there are always going to be issues with a new web site. what i would call the customary glitches that you see. but no, not this. >> reporter: that is not what the web site's designers said when they testified just last week. they said the site crashed when they tested it gently just
's turned out to be the truth? do we -- we do a health care law reality check coming up with mark bertolini of aetna in a moment. >>> top white house adviser valerie jarrett tweeting nothing in obama care forces people out of their health plans. and nothing in the law is forcing insurance companies to tell people their plans are no longer offered. where's the discounnect. >> we'll do the fact-check when we speak exclusively to mark bertolini of aetna. stay tuned. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the cadillac ats -- 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance included. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. female narrator:
, insurance policies that were in effect on march 23rd, 2010, when the law was enacted would be grandfathered. then a few months later despite the president's word, you all at hhs helped promulgate a new reg that in your own review showed it effectively could deny perhaps as many as more than 50%, maybe even higher of those holding individual policies the right to renew their own insurance plan. and i would guess that there are a lot of us on this panel today that are hearing from angry and confuse confused constituents, who are now being forced to go on to a an inept web site, whether they like it or not, to shop for a new roo plaeplacement policy, f premiums as high as 100% before and some up to 400% higher that i've heard from as well rising deductibl deductibles. when was the president informed of the regulation change? if so, was he informed this totally undermines his biggest selling point. in a statement each made more than three years after the regulation change was promulgated, the president said again, "the first thing u need to know is this -- if you have already have health care,
will defend his health care law. verizon said it was doing maintenance on the system. there was a similar halt on sunday. we'll have more on these stories in just a few minutes. >>> but first, the rest of today's agenda, earnings central will be hearing from general motors, nbc parent comcast, chrysler, corning and sodastream, all before the bell. this afternoon, we have visa, facebook, comcast, kraft foods and many others. on the economic front, the fed wraps up a two-day fomc meeting in washington. this is a policy announcement set tore 2:00 p.m. eastern today. the central bank is expected to maintain its massive bond buying campaign. fed watchers say ben bernanke and company may point to softer readings on the economy to signal that the policy will be extended into next year. >>> as for the other items on today's economic agenda, the october adp employment report is going to be released at 8:15 eastern time. it's expected to show 150,000 private jobs were added this month. the whisper number, though, is below that. we'll see what happens. coming up at 8:30 eastern time, we have the septembe
law with its thousands of employees. also sprint ceo, dan hesse. mobility a huge issue. if there may be more consolidation in the telecom industry. softbank acquired 80% of sprint. >> trying to upgrade the spectrum for them. then on this halloween, easily the scariest, most horrifying story we can find. this morgan stanley report that says the world is running out of wine. >> what? >> i can hear our viewers now. >> what? [ screaming ] >> yes, we hear you, viewers. we'll have that story coming up a little bit later on "closing bell." won't we, maria? >> we will. let's check the markets as we approach this final hour for the month. dow jones industrial average off the highs down in negative territory, seven points. 15,611. strong october. the month very strong. we're ending on a mixed note. nasdaq composite actually higher today. although it, too, is coming off of the highs of the day. 3932. s&p 500 where we are looking at a fraction on the upside. quarter point. 1763. steady moves. >> very steady moves. on this halloween the man they call sugar daddy. here's bob pisani with a look at
their plans, yeah? >> several important agencies enforcing the new law, meaning the treasury, irs, hhs and the labor department. now the administration is out attacking nbc and other media outlets reporting facts out in the irs bulletins and the federal register about the new law. here is the deal, the bottom line. basically they were looking at market analysis that says a percentage of people basically turn over. they don't want their plans and ditch their plans and get new plans. when the individuals get new plans, the new plans may not meet the standards set down by the health reform laws, co-pays, coverages for preventive services and the like, the quote is in the federal register, which is the book that the government puts out showing the new laws, and rather the new regulations and the percentage of individual policies losing the grandfather status. meaning, they would lose the status of being qualified, could exceed 40 to 66, 67%. stuart: of the 14 million policies out there, up to 60%. >> 66% or 67%. stuart: some say higher, some say 80% could be kicked off the policies that th
beyond the website. and that the healthcare law is not as advertised. >> the white house.gov website says if you want to keep the healthcare insurance you want, you can keep it. now they're being told they can't. that's a lot. >> reporter: cbs news is learning that insurance providers are dropping more than 2 million people, and sending them into the government's exchanges. they said the canceled plans did not meet the minimum standards under the law. and americans will benefit from better coverage. in washington, danielle nottingham, wjz eyewitness news. >> wednesday, they plan to grill health secretary kathleen sebelius, while the president plans to defend it in boston. >>> a group of sheriff's deputies in frederick is bringing about change in the state. >> the state has formed a new commission to form interactions with people with disability. ethan saylor died during a confrontation. they were trying to remove him from a movie theater, despite protest from the aide who was with him. it includes public safety officials, prosecutors, agencies and advocates for those with disability. >> a
. and legal briefs too. two huge stories in the world of law, one involves a merger that could mean hundreds of legal -- my goodness, legal briefs, hundreds of layoffs, not sure i will get through this. a memo that has everybody talking about the place of young women in the business world and how they should dress and act. first to sue at the nyse. >> my, my, my. stocks having a so-so day but we're at or near record levels for several indices, close to dow 16,000 than 15,000. the nasdaq 65 points from 4,000. where is the retail investor in all of this? mary thompson found out. >> hey, sue. data suggest the retail investor remains cautious with the markets at record highs. outflows continue while trading activity at discount brokerages is modest. investors began pulling money out of stock funds in may of 2011. since then, u.s. equity funds have seen net monthly outflows in 25 of the last 28 months through august. the september numbers aren't final but weekly figures suggest the exodus continued in the two weeks out of the three recorded so far for october. so recent data from discount brokera
is not the only one. an unbelievable ten states and 51 cities have signed some version of this practice into law. it's got a lot of people fired up. so, of course, it is today's money talk. joining us now, not submitting to a background check, by the way, susan sullivan, bill farmkin and dennis kneale. you're mad about this? >> you know what? this is now the new politically correct, wonderful cause of liberals everywhere, let's pass an actual law telling companies that they're not allowed to ask applicants at first glance, hey, you've been arrested or convicted of a crime. i say why don't you let companies figure that out instead of dictating to them, and our federal eeoc is at the forefront of that. it sued bmw and dollar general because they use screening programs. while the intent is not racist, if the impact is racist, well, then, by golly, your policies are illegal. melissa: okay, let him have it. >> no one would ever accuse me of being a liberal, trust me. but did you know that one out of four american adults have either an arrest record or a conviction? so you are just -- melissa: so what
lawyer, majority or minority whip in the house, perhaps the law should have been more precise in the drafting to allow people to keep their plans as reports come out. that is not exactly the case people concede their plan because they don't meet the minimum benefit required, better established in the health-care law. we are not done with health-insurance hearings on capitol hill. tomorrow different committee and they will hear from the h h s secretary kathleen sibelius tomorrow morning. lori: that could be more painful than the testimony. rich edson. adam: nicole petallides is on the floor of the stock exchange with the look of the nicknames "after the bell". lori: yes. nicole: linkedin right now on the move just slightly to the downside down $0.19, $42 stock, it has run up 111%, it is a great performer. everybody, all the insiders will be looking at everything from mobile numbers to advertising revenue growth, they beat estimates in each of the past four quarters. the option groups have been betting on some volatility, and 9% volatility swing, you don't know which way. mobile
's ceo was asked about the new health law and report that says the obama administration knew millions of americans would not be able to keep their insurance plans. >> the only people who can keep their plan indefinitely are people who in the individual and small group market were in that% market before march 23rd, 2010 and over that period from march 2010 until now did not change plans. >> acquisitions that the white house misled people to believe they could keep insurance plans and the website resulted in heated questions on capitol hill today about what went wrong and who is to blame. bertha coombs has more. >> reporter: mike was surprised when anthem blue cross notified him the family health plan would no longer before offered. >> the primary reason they said is there is ten or 11 components that every plan has to carry. >> reporter: the retierped executive say as comparable plan on healthcare.gov will cost twice as much 140 0 a month. >> i was shocked to find out my plan was being cancelled and not compliant and my shock, i guess, kind of turned maybe to anger. >> reporter: there
it is yours. dagen: we are staying on top of this toy. the president's health-care law on capitol hill and there's a lot of fire being thrown. connell: you have been watching kathleen sebelius on what happened with the launch of obamacare. >> in these early weeks, access to healthcare.gov has been a miserably frustrating experience for too many americans including many who avoided years, there's the entire life for the security of health insurance. i am as frustrated and angry as anyone with the flawed launch of healthcare.gov. let me sail directly to these americans you deserve better. i apologize. i am accountable to you for fixing these problems and committed turn your confidence back. dagen: talking about falling on your sword, kathleen sebelius looking to shoulder the blame for problems with the rollout of the health exchanges. continue to breakdown. connell: we will go back live as things heat up in the q&a, rich edson has been monitoring the whole thing and he joins us from washington d.c. with a latest on capitol hill. rich: she is confident by november 30th they will have
law that was a model for the affordable care act. visiting boston, president obama said the comparison still holds. >> because you guys had a proven model that we built the affordable care act on this template. >> the president spoke in the same spot where mitt romney, his former rival signed the massachusetts law seven years ago. with many now having their existing health care plans canceled, even after he repeatedly promised they could keep them, the president now says they'll be happier with the new plan. >> if you're getting one of these letters, just shop around in the new marketplace. you're going to get a better deal. >> but for some, that deal could mean higher monthly costs than they paid under their old plan. >> will you go into the exchanges -- >> i -- >> if you can, will you? >> on capitol hill, republicans attacked the changes and person in charge of them, health and human services secretary kathleen sebelius, who became the second top official in as many days to apologize for the healthcare.gov problems. >> hold me accountable, i'm responsible. >> the website wasn't secur
, but there have been a whole host of problems with the implementation of the law. now, after initially blaming a volume, they said it was a sign of public enthusiasm, a good sign after the october first launch of the website, now marilyn tavennar, she's over the agency that oversees the implementation of the obamacare. >> i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that healthcare.gov can and will be fixed, and we're working around the clock to deliver the shopping experience that you deserve. >> reporter: a lot of indignation, and umbridge on the part of the republicans. the irony when this website is up and functioning it will help millions of people to enroll in the affordable care act. dave camp is the republican chairman of this committee. from michigan. he wants to know how many people have been successful in going through the website and obtaining insurance. >> do you not know? do you know have any idea how many people have enrolled? >> folks are still in the process of enrol
in the process and provides another option at the end of the day we are all stuck on the same queue. this law and this system needs this system to work. >> there is a potential death spiral if we don't get enough people signed up. we have a couple of years to get this thing up and running and working. my firm belief, everything we know from massachusetts is we will get those people. rich: november 30 is the deadline. a number of democrats in the senate more republican or conservative states pushing the administration. he better get on and fix this as soon as possible. dagen: calling him on the phone saying could you have picked a better phrase? >> it happens to all of us. dagen: what, honesty? rich: exactly. connell: you heard him talk about massachusetts, or referring to it. mitt romney had comments on the whole fiasco. let's watch that. >> you have to tell the american people the truth and when you told the american people that you could keep thei your health insurance if you wanted to keep that plan, he said that time and again, he wasn't telling the truth. i think that fundamental dishone
and hold on to security clearance despite having past brushes with the law. >>> iraqi prime minister is on the visit to washington. trying to get more american aid. speaking this morning at the u.s. institute for peace. you are looking at video with him with vice president joe biden. this is a meeting they had yesterday. the iraqi government is hoping to get more weapons to fight the resurgeance of al-qaida. prime minister meets with president obama tomorrow. >> 7:15. also happening now. a big impact on air travellers. discussing the current ban on cell phones, ipads and other portable electronic devices during take off and landing. kyla is live. >> reporter: it is safe for passengers to use most electronic devices from gate to gate. we're taking a live look at this press conference which just started about five minutes ago. this is faa administrator. the timing of these rules will be up to individual airlines. the faa says connections to the internet are not going to be allowed below 10,000 feet and prior to today, passengers were not allowed to use portable electronic devices durin
to the airport gates. nbc news, according to law enforcement officials, say he's paul anthony ciancia, 23 years old, u.s. citizen. apparently not related to the tsa. there were conflicting reports earlier. authorities say seven people in all were injured. six taken to local hospitals. ciancia's condition is not known but apparently he was shot by police. authorities at the airport say that the situation is static now. that operations in some parts of the airport will be back to normal but not necessarily in terminal 3, which includes allegiant, frontier, jetblue and virgin america. there have been ripple effects in traffic control system across the country as traffic was stopped, ground hold, for flights headed to los angeles and all the way across the country in new york. the port authority of new york and new jersey says it has stepped up patrols at three new york area airports just in case. but no direct result, they say, in terms of air traffic from the situation at l.a.x. back to you. >> scott, thank you. let's actually get more details on the impact it's had on the airport itself and the
of our surrounding law enforcement partners in this particular effort. and in california, and especially in los angeles, there is not an incident that can be run singularly by any one person or agency. it is a combined effort. i have to say nothing is ever perfect, but here our relationships work well together, and i think everybody performed well. there will be things that we can improve, but nonetheless i think this overall worked very, very well. i'll turn it back to the mayor. >> we'll take questions in just one moment. next we're going to hear from chief beck who is the chief of the los angeles police department who had staff resources that were already predeployed here and many more joined us today. >> we may rejoin this press conference if there is any brand-new information. we're going keep a close eye on it as you can imagine. but let's go to former fbi assistant director chris zwecker, and with us is former tsa administrator and former deputy homeland secretary jim loy. gentlemen, thank you very much. mr. loy, may i begin with you? the airport police chief was talking about whe
case returns to the national spotlight. the controversial law expected to be examined on capitol hill today. >> plus, it is snowing up in the sierra. how this is affecting local ski resorts and whoa one of them why -- why one of them may open this weekend. >> highway 4 you can see the traffic is picking up there westbound. we'll have more traffic hot spots next. >> well, mostly cloudy skies over us could be a few little sprinkles or very light rain towards santa clara valley. how much on the temps will we cool off or warm up a little today? use chase freedom at amazon.com and get 5% cash back this quarter. so you can find the perfect gift for everyone. including you. activate your 5% cash back at chase.com/freedom chase. so you can. i want you to know stuff i want you to be kind. i want you to be smart. super smart. i want one thing in a doctor. i want you to be handsome. i want you to be awesome. i don't want you to look at the chart before you say hi...david. i want you to return my emails. i want you to keep me doing this for another sixty years. at kaiser permanente, we want you t
. >> with rates moving higher. elbattled new health care law, president due to give a speech defending the health care law, you'll see it live in about an hour, and we'll have reaction from two people who had their insurance can delled due to the law. he can win them back? >> starbucks ceo howard schultz with be with us. he's been a big supporter of obama care. we'll get his take on the rollout problems. and then reports on their earnings in about an hour. howard will break down those numbers for us. let's not forget about facebook either. the social media giant will be reporting after the bell tonight. we'll have those numbers. instant analysis as only "closing bell" can do it. a very jam-packed show today. >> let's approach the markets in the final hour. we're well off the highs with a decline in the session of 67 points. pushing the dow back from the records reached at 15,612. onto the nasdaq, seeing selling in technology as well. nasdaq lower at 26 points. it, too, coming off the highs which were down but we really worsened after the news from the fed. s&p 500 looks like this. similar chart p
would be able to keep their plans. now, another component of the health care law is that people can now sign up a little bit later. they have a six-week extension on the deadline. originally they were supposed to sign up for health care if you weren't insured by february 15. now the deadline is march 31 but there is some confusion that goes along with that extension. health care insurance starts at the beginning of the month. if you sign up by the middle of the month, then you might not get the coverage until the next start of the month which means you would be breaking the law and then you would have some fines. so now when you file your taxes for next year, you don't need to fill out a waiver. a guidance just released just last night saying that you do not need to claim an extension. health and human services department saying the administration, quote, has determined that it would be unfair to require individuals in this situation to make penalty payments that would have been $95 per person to start in 2014. again, the new deadline is march 31. we'll give you an update in the next ha
about the health care law? review the over and over again for years. >> like your health care and your doctor, you can keep these things. now know it is not true. the "wall street journal" poll you just cited 42% jobs approval is deal with the gallup showed us yesterday which is 42% job approval p had clearly the trend is downward for him. they were polling the folks here before the lie became public news and started to really gain traction. for me, look, i think every president sort of has a basement level where he doesn't go any lower. george w. bush in the mid to upper 30s, presidents nixon during watergate same thing. obama's level a little bit higher, he is sort of a historic figure first black president, that might be built into it. 42% is a danger zone for any president. very tough to come back. connell: he will say he wasn't lying about that. very aggressive in speech in boston. you think that will be the taxi takes saying you guys, people who are talking about it, people like us and others, you're misrepresenting what i really said. taken out of context. you think that is the
to succeed in the first place. >> thank you. the law is based on a massachusetts program that began when mitt romney was governor. major garrett is at the white house. good morning. >> good morning, norah and charlie. they don't deny that it's a mess and individuals are frustrated at having to change their policies even though president obama promised them they could keep them because they don't comply with the new plan. the website is getting better and they say will be fully operational in about a month and that those in the individual market comprise only 5% of those in the country and over time they'll be able to find better coverage and possibly health care subsidies when it's fully operational. what does massachusetts have to do with all this, norah? >> it was in 2006 that they had to have coverage. this website had a tough rollout. people waited until the last minute and some parts of the law were changed. that will be the president's message today. bumpy rollouts are nothing new. that's a tough message but it's the only one the white house has. norah and charlie? >> major, thank you.
as the president argues the law is really a good thing, but what does the affordable care act mean if you're covered under an employer plan? >>> pops and drops, stocks, bonds, gold and the dollar all on the move after the fed said it will keep the stimulus in place. but is it what the central bank didn't say that really drove the market? >> facebook, the sial network reports strong profits and the stock jumps, what investors need to know about facebook's financials. all that and more tonight on "nightly business report" for wednesday, october 30th. >>> good evening everyone. we begin with president obama on the defensive speaking from boston, the president tried to drum up support for the troubled health care program. he chose samuel hall where a massachusetts health care plan was signed into law seven years ago and considered a successful template for the president's own affordable care act. he admitted to problems with his health care website and that people are getting cancellations notices, but he said giving people health care should be a no brainer. shifting blame for cancelled poli
premiums. also, more democrats are starting to push back against the law. including senator mary landrieu who was working on a bill to allow americans to really keep their own health plans. and congressman darrell issa has subpoenaed secretary sebelius for the information regarding the botched healthcare.gov launch she so far declined to hand over voluntarily. all right. all those stories and more. on "the kudlow report" starting right now. this is just unbelievable. all right. now, we've got all this developing news here to analyze the whole story. we bring in bob lashevski. dr. scott gottlieb joins us, american enterprise resident fellow. and ovik roy, senior fellow at the manhattan institute. gentlemen, welcome. ovik, let yes just start with you. this is a quick one, but i want to get it out. darrell issa subpoenaing sebelius. she won't come clean. he's been asking for documents, inside documents. who, what, where, what did the contractors tell her, what's it going to cost? >> i think it's a very significant development. as you said, sebelius has been stone walling. there's so much imp
-involved shooting. in other words, that's when the suspect was in law enforcement parlance neutralized by parent police. we do not know the condition of the suspect. nbc news is reporting, and airport officials are not confirming, that there is a dead tsa agent. the tsa's union is also saying one of its agents was killed in this incident and at least three others are injured. now authorities at l.a.x. are saying that, in fact, there were a total of seven injured, six seriously enough to be taken to local hospitals. the air traffic situation remains somewhat in chaos. but there is a portion of the airport at least that is open and to some degree accepting flights. but there has been a ground stop under way for much of the afternoon. we're about three hours into this incident. again, still trying to get the details. one more, public mass shooting, at l.a.x., involving a semi-automatic assault rifle. the suspect is either in custody or dead, beginning on who you believe. that's not clear. seven people injured. six taken to hospitals. we'll continue to try to sort all of this out. back to you. >> sc
and the dangerously mentally ill. siding with the nra and undermining law enforcement. no wonder the washington post calls cuccinelli polarizing, provocative and partisan. cuccinelli. too extreme for virginia independence usa pac sponsored this ad. more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expression of mercedes-benz. introducing the 2014 s-class. the best or nothing. >>> good morning. welcome back to wusa9. [ laughter ] >> for some reason that commercial makes me laugh. >> okay. we're serious here now. i'm andrea roane. you may need the umbrella today. >> i'm mike hydeck. good morning. >> good morning good she has traffic issues already. >> and weather issues. >> you've been feisty from the get go. >> grab the umbrella. you'll need it in a few spots. we have showers coming through now. the morning looks to have a couple of showers. the afternoon looks to be dry today. that's it in a nutshell. a little more detail with your day planner. temperat
it problematic to the american people. dagen: what are those, tevi? are they flaws in the law, or are they fixable? >> well, the code is fixable, but i'm not sure the law is fixable. president obama said that he was going to cover all these people, plus if you like your health care, you can keep it. i don't think those promises can be sustained together. so we're already seeing costs going up, and that's going to continue to be a problem. if you like your health care, it's not going to be the case because you're seeing lots of employers saying, actually, we're going to change it, and then we're also seeing the problem of people dropping folks from coverage. and even in terms of overall coverage, they said they were going to get universal coverage, but we're still going to have 30 million uninsured by 2019. dagen: the goal of the law is to insure all americans, you have several million who do lose current insurance that they have or are forced to go into the exchanges, for example, with or without a subsidy, will that outrage be enough for the white house to do anything about t
on anyone except for valid foreign intelligence purposes and only work within the law. >> reporter: abc news has confirmed reports u.s. intelligence has listened in on the phone conversations of the leaders of 35 american allies. reports that drew sharp criticism from top members of congress in both parties. >> the reports are very disturbing. friends don't spy on friends. >> reporter: or do we? is spying on friends still going on? >> is the united states now listening in on the phone conversations of friendly presidents and prime ministers? >> john, i'm not going to get in to discussions of specific activities, intelligence gathering activities. >> we are listening in to the conversations of friendly heads of state. >> again i'm not going to talk about specific or alleged or reported intelligence gathering operations. >> reporter: the head of the nsa warned that new limits on u.s. espionage could be dangerous. >> is much more important for this country that we defend this nation and take the beatings than to give up on a program that would result in this nation being attacked. >> reporter:
the president's health care law is facing an angry congress. cbs news learns the white house had weeks of warning. >> only on "cbs this morning" a u.s. soldier rescues a translator that saved his life. we're there reunion. >>> mark phillips is in the town using the bright idea to see the light. >> we begin with a look at today's eye opener your world in 90 seconds. >> i'm as frustrated and angry as anyone with the launch of healthcare.gov. you deserve better. i apologize. >> secretary sebelius faces a grilling on capitol hill. >> house republicans have been calling for her head over the botched obama care roll out. >> i hope what we hear from se sebelius is resignation. >> the nsa keith alexander says the u.s. has never gathered phone and e-mail you records of citizens in france and spain. >> there has not been a mass casualty in the u.s. since 2001. >> wall street stocks at an all time high. >> storm led to a series of deadly crash on an arizona highway. >> i jumped out and took off running down the road. >> nine hours to catch a black bear. >> a young boy jumped
that they pass. some of the ocsea laws don't apply -- >> it was weird that grassley introduced it to try to put the heat on his democratic colleagues to have them have to do it. now all of his people have to do it. >> we'll see where the rest of these stories come down. also, though, we should tell you about the treasury department announcing americans who use flexible spending accounts for heths care costs may now be able to carry up to $500 of expiring money into the next year. traditionally, if you had an fsa, you faced a use it or lose it deadline of december 3 e. this was your money. you could put up to $2,500 aside. if you didn't lose it, though, you lost that money. >> this is a big deal. >> for 500 bucks. >> yes. there's people all over the country losing this money regularly. the big question becomes companies like wage works and others -- >> wageworks stinks. >> that administer these programs, the money for them is in taking the -- is in the money that you don't use. >> i know. i don't do this any more. wage works is a terrible program. i don't do it any more because they try and go a
plans, it knew that modifications to the law would cause them to lose their employer provided plans and the numbers are staggering. by november of 2014, 66% of small employer health plans will no longer be legal under obamacare. millions forced to shift to more expensive coverage, losing the plan they've got. not just small business, think you're safe in a big company? not so. according to the forbes report, 45% larger employer plans will also be illegal under the law and therefore dropped. the cbo says half the country's population is covered by employer provided insurance. what does all of this mean? the total, 93 million americans could lose their health insurance plan that they now have because of obamacare. all by november, 2014. that's a pivotal election month. it's a year from now. huge implications. we're going to detail it for you throughout the program today. there's other big news and headlines for you as well. look at this, judicial watch reports that former irs official lois lerner shared confidential tax info with the federal elections committee. if true, that would be
their existing policies don't meet the standards mandated by the new health care law. one number predicts the number could reach as high at 18% for those new people. many will experience the sticker shock. the white house is pushing back on this report. a white house press equity is tweeting that the nbc scoop, in parentheses sites normal turnover in the individual insurance market that's a, new new, b, not caused by the aca, and c, the problem aca will solve. lisa myers broke this story and will join us at 7:00 eastern with more. >> that is misleading, the response to it. because they were going to grandfather initially people that were in certain plans and then the rules were tightened by hhs to where the grandfather wouldn't count for anyone who had a change in policy. and they change every rear. >> and by the way, insurance policies change frequently. >> and the men you change it, you're not grandfathered. >> they can change the deductible by $ 00 and your insurance plan would no longer qualify. and barack obama, when i was campaigning on this was saying if you like your plan, you can
in charge of rolling out the president's health care law faces an angry congress today. cbs news learns the white house had weeks of warnings. >>> only on "cbs this morning," a u.s. soldier rescues an afghan translator who saved his life. we're there for an emotional reunion after years of battle. >>> plus the land of no winter sun. mark phillips is in town using a bright idea to finally see the light. >> but we look at today's "eye opener," your world in 90 00 seconds. >> hers is an extraordinary level of income pence even by government standards. >> sebelius will be facing the committee. >> this as yet the website was hit with another outage overnight. >> we have a system that is working. we're going to improve the speed of the system. >> excuse me. >> yes? >> you're saying right now the system is working? >> general keith alexander says the u.s. has never gathered phone and internet records of allies in france and spain. >> that's not by luck. >> stocks red hot on wall street. the dow at a new all-time high at. >> a deadly crash on an arizona highway.
letter in the next year because the current policies don't meet the standards laid out by the new law. the white house told nbc that people whose policies will be canceled will in most cases be automatically shifted to plans with better protections. >>> and peter lee, the director of california's health insurance exchange, says he will not reveal how many californians have enrolled in the covered healthcare plan until mid-november. but he says once the figures are posted, they will be very detailed, broken down by city, age of enrollees and which kind of plans they've selected. >>> 7:10. the defensive coordinate for the oakland raiders has apologized for the obscene gesture he made on the field in sunday's game against the steelers. now, he made that gesture twice while protesting a referee's call in the third quarter of the raiders' 21-18 win over the steelers. there it is. he says he was in the heat of the moment. he now regrets what he did. well, the national football league is reportedly considering a hefty fine. it could be tens of thousands of dollars. >>> a meeting will be held
law enforcement agencies received a series of grants to step up impaired driving enforcement for drunk driving. the bulk will go to the anti- drunk driving campaign. this come in time for halloween. an officer said halloween is definitely ranking up there as one of the major party nights. and that with trick or treaters out can prove to be a deadly combination. we're looking to see if there's criminal history on the part of the driver of the jaguar that was in that fatal accident last night. if we found out more information, we'll certainly bring that to you. for now we're live along highway 121 in sonoma county, back to you. >>> 7:06. police in the south bay still searching for four suspects in a nightclub shooting over the weekend. we now have surveillance video of the suspects they are looking for. ktvu's janine de la vega live in campbell with the details including this is not the first time there's been violence at this particular nightclub. janine? >> reporter: dave, back in 2009, four people were stabbed here by one suspect but police say in this latest incident it was a securit
of this law and they are being forced to buy more coverage than they wanted to buy and pay more for it because of how the obamacare is written. not every person who is losing their insurance because of these changes is a victim. >> i will concede the changes are happening that have been every four years. this usually 12 month contract. health insurance companies change those policies every year. this is not because of the affordable health care act, the changes that are happening because of the act are you cannot take away benefits, you can't deny insurance because of pre-existing conditions. they were policies people would get canceled once they got sick. that is not health insurance. connell: the game you're talking about, people have to change their policies and many times are changing more. the may not have known that and now they are paying more. >> we had to keep in mind because of obamacare, the affordable care act, you now have options, you now have affordable options that you didn't have before an individual marketplace because they just weren't regulated. now they're going to have to
are determined to kill the new law- rather than finding health care solutions for millions of uninsured americans. home prices shot up sharply in big cities during the past year. case shiller reports- home prices in twenty large markets rose 12.8% - the fast pace since 2006. las vegas home prices moved up the quickest at 29%. despite the gains other indicators point to a cooling in the housing market. a dutch bank will pay $1 billion dollars to bring its libor maniulation scandal to an end.. employees working at rabobank were accused by u.s. and british authorities of rigging the london interbank offered rate. the rates were used as the bank was lending millions of dollars for mortgages, car loans, student loans and complex financial derivatives. wal-mart plans to promote about 25-thousand store employees. the nation's largest retailer has faced criticism over worker pay and opportunity. the promotions will reportedly take place in 15 markets before the end january. as it continues to struggle with declining sales, sears is considering spinning off its lands end and auto center businesses. la
. >> if insurers decided to downgrade or cancel these substandard plans, what we said under the law is you got to row place them with quality comprehensive coverage. gwen: complicated explanations almost never work in politics. >> the majority of americans feel tricked by the rollout of the president's health care law. we were told if you liked what you had you could keep it. obviously a trick. gwen: the administration, can it dig itself out of its health care h
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